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SE: Third Point's Biggest Third-Quarter Loss Blamed on Argentina Bet

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Bloomberg Markets & Finance via Youtube

Oct.24 — Third Point LLC’s largest loss in the third quarter came from a bet on Argentine sovereign debt, reflecting the rout that followed opposition candidate Alberto Fernandez’s surprisingly decisive win in the Aug. 11 presidential primary, the New York-based hedge fund said in an investor letter. Bloomberg’s Lisa Abramowicz reports on “Bloomberg Markets: The Close.”

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